Epsilon Energy Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Epsilon Energy Ltd reported revenue of $51.6M (+63.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenue | $51.6M | $31.5M | $30.7M | $70.0M |
| Lease operating expenses | $12.5M | $7.3M | $6.4M | $7.1M |
| Gathering system operating expenses | $2.4M | $2.3M | $2.5M | $2.3M |
| Depletion, depreciation, amortization, and accretion | $12.2M | $10.2M | $7.7M | $6.4M |
| Impairment expense | $3.9M | $1.5M | — | $0 |
| Loss on sale of oil and gas properties | $19.3M | $0 | $1.4M | — |
| Transaction costs | $2.9M | — | — | — |
| Stock based compensation expense | $1.7M | $1.2M | $1.0M | $1.0M |
| Other general and administrative expenses | $7.2M | $5.7M | $6.3M | $6.3M |
| Total operating costs and expenses | $62.1M | $28.1M | $25.3M | $23.0M |
| Operating (loss) income | ($10.5M) | $3.4M | $5.4M | $47.0M |
| Interest income | $188.4K | $493.3K | $1.7M | $452.9K |
| Interest expense | ($624.2K) | ($46.4K) | ($80.4K) | ($50.8K) |
| Gain (loss) on derivative contracts, net | $5.5M | ($391.1K) | $3.1M | — |
| Other income, net | $16.6K | $76.7K | $4.4K | ($99.5K) |
| Other income, net | $5.1M | $132.5K | $4.7M | $538.7K |
| Net (loss) income before income tax expense | ($5.4M) | $3.6M | $10.1M | $47.5M |
| Income tax (benefit) expense | $362.7K | $1.6M | $3.2M | $12.2M |
| NET (LOSS) INCOME | ($5.8M) | $1.9M | $6.9M | $35.4M |
| Currency translation adjustments | ($136.7K) | $262.6K | ($3.9K) | ($44.1K) |
| Unrealized loss on securities | $0 | ($1.6K) | $1.6K | — |
| NET COMPREHENSIVE (LOSS) INCOME | ($5.9M) | $2.2M | $6.9M | $35.3M |
| Net (loss) income per share, basic (in dollars per share) | -$0.25 | $0.09 | $0.31 | $1.52 |
| Net (loss) income per share, diluted (in dollars per share) | -$0.25 | $0.09 | $0.31 | $1.51 |
| Weighted average number of shares outstanding, basic (in shares) | 23.0M | 21.9M | 22.5M | 23.3M |
| Weighted average number of shares outstanding, diluted (in shares) | 23.0M | 21.9M | 22.5M | 23.4M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenue | $18.3M | $25.6M | $9.0M | $11.6M |
| Lease operating expenses | $6.3M | $7.2M | $2.4M | $2.5M |
| Gathering system operating expenses | $508.5K | $594.4K | $563.5K | $613.8K |
| Depletion, depreciation, amortization, and accretion | $2.8M | $3.0M | $2.6M | $3.2M |
| Impairment expense | $0 | $0 | $0 | $2.7M |
| Gain on sale of oil and gas properties | ($4.2M) | — | — | — |
| Transaction costs | $202.5K | $71.4K | — | — |
| Stock based compensation expense | $547.5K | $547.5K | $376.6K | $385.8K |
| Other general and administrative expenses | $3.7M | $3.4M | $2.5M | $1.5M |
| Total operating costs and expenses | $9.9M | $14.8M | $8.4M | $10.8M |
| Operating (loss) income | $8.4M | $10.8M | $606.0K | $828.8K |
| Interest income | $24.8K | $45.5K | $84.9K | $17.2K |
| Interest expense | ($877.3K) | ($941.6K) | ($11.7K) | ($19.9K) |
| Gain (loss) on derivative contracts, net | $2.2M | ($8.9M) | $964.3K | $2.6M |
| Other income, net | ($208.7K) | $16.4K | $5.3K | ($10.8K) |
| Other income, net | $1.2M | ($9.8M) | $1.0M | $2.6M |
| Net (loss) income before income tax expense | $9.6M | $997.2K | $1.6M | $3.4M |
| Income tax (benefit) expense | $2.4M | $267.7K | $576.5K | $1.8M |
| NET (LOSS) INCOME | $7.1M | $729.4K | $1.1M | $1.6M |
| Currency translation adjustments | ($2.0K) | ($2.3K) | ($42.7K) | ($75.5K) |
| NET COMPREHENSIVE (LOSS) INCOME | $7.1M | $727.1K | $1.0M | $1.5M |
| Net (loss) income per share, basic (in dollars per share) | $0.24 | $0.02 | $0.05 | $0.07 |
| Net (loss) income per share, diluted (in dollars per share) | $0.23 | $0.02 | $0.05 | $0.07 |
| Weighted average number of shares outstanding, basic (in shares) | 30.2M | 30.2M | 22.0M | 22.0M |
| Weighted average number of shares outstanding, diluted (in shares) | 30.4M | 30.3M | 22.2M | 22.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $9.0M | $6.5M | $13.4M | $45.2M |
| Accounts receivable | $16.1M | $5.8M | $6.0M | $7.2M |
| Fair value of derivatives | $2.7M | $0 | $1.2M | $1.2M |
| Prepaid income taxes | $2.9M | $976.0K | $952.3K | $1.1M |
| Other current assets | $1.8M | $792.0K | $763.3K | $632.2K |
| Total current assets | $32.6M | $14.1M | $41.1M | $55.5M |
| Proved properties | $233.3M | $191.3M | $160.3M | $148.3M |
| Unproved properties | $79.3M | $28.4M | $25.5M | $18.2M |
| Accumulated depletion, depreciation, amortization and impairment | ($131.6M) | ($122.8M) | ($113.7M) | ($107.7M) |
| Total oil and gas properties, net | $181.0M | $97.0M | $72.1M | $58.8M |
| Gathering system | $43.5M | $43.1M | $42.7M | $42.6M |
| Accumulated depletion, depreciation, amortization and impairment | ($37.5M) | ($36.4M) | ($35.5M) | ($34.5M) |
| Total gathering system, net | $6.1M | $6.7M | $7.2M | $8.1M |
| Property, Plant and Equipment | $1.2M | $637.8K | $637.8K | $637.8K |
| Buildings and other property and equipment, net | $4.1M | $259.3K | $291.8K | $286.0K |
| Total property and equipment, net | $192.4M | $104.5M | $80.2M | $67.8M |
| Operating lease right-of-use assets, long term | $488.9K | $344.6K | $442.0K | — |
| Restricted cash | $553.0K | $470.0K | $470.0K | $570.4K |
| Fair value of derivatives, long term | $1.2M | — | — | — |
| Deferred financing costs | $774.3K | — | — | — |
| Prepaid drilling costs | $246.2K | $982.7K | $1.8M | — |
| Total non-current assets | $195.7M | $106.3M | $82.9M | $68.4M |
| Total assets | $228.2M | $120.5M | $124.0M | $123.9M |
| Accounts payable trade | $11.1M | $2.3M | $3.1M | $1.7M |
| Gathering fees payable | $1.1M | $997.0K | $1.1M | $935.0K |
| Royalties payable | $8.7M | $1.4M | $1.4M | $2.2M |
| Accrued capital expenditures | $24.9K | $572.1K | $696.8K | $41.7K |
| Accrued compensation | $1.1M | $695.0K | $636.3K | $598.4K |
| Other accrued liabilities | $2.7M | $371.5K | $649.0K | $690.7K |
| Fair value of derivatives | $0 | $487.5K | $118.8K | $0 |
| Operating lease liabilities | $271.5K | $121.1K | $86.5K | $35.3K |
| Total current liabilities | $25.0M | $7.0M | $7.9M | $6.2M |
| Credit facility payable | $50.5M | — | — | — |
| Ad valorem taxes, long term | $7.4M | — | — | — |
| Asset retirement obligations | $7.4M | $3.7M | $3.5M | $0 |
| Deferred income taxes | $12.9M | $12.7M | $11.6M | $10.6M |
| Operating lease liabilities, long term | $340.1K | $355.8K | $476.9K | — |
| Total non-current liabilities | $78.5M | $16.7M | $15.5M | $13.4M |
| Total liabilities | $103.5M | $23.7M | $23.4M | $19.6M |
| Preferred shares, no par value, unlimited shares authorized, none issued or outstanding | 0 | 0 | 0 | 0 |
| Common shares, no par value, unlimited shares authorized and 30,239,980 shares issued and outstanding at December 31, 2025 and 22,008,766 issued and outstanding at December 31, 2024 | 154.3M | 116.1M | 118.3M | 123.9M |
| Additional paid-in capital | $13.9M | $12.1M | $10.9M | $9.9M |
| Accumulated deficit | ($53.3M) | ($41.5M) | ($37.9M) | ($39.3M) |
| Accumulated other comprehensive income | $9.9M | $10.0M | $9.8M | $9.8M |
| Total shareholders' equity | $124.7M | $96.7M | $100.6M | $104.2M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $11.2M | $7.9M | $12.8M | $9.9M |
| Accounts receivable | $17.5M | $16.8M | $4.5M | $5.5M |
| Fair value of derivatives | $695.0K | $426.3K | $889.2K | $732.5K |
| Prepaid income taxes | $3.0M | $3.0M | $0 | $0 |
| Other current assets | $1.5M | $1.7M | $966.0K | $396.3K |
| Total current assets | $33.8M | $29.8M | $19.1M | $16.5M |
| Proved properties | $245.8M | $237.8M | $200.1M | $197.2M |
| Unproved properties | $80.3M | $79.7M | $33.4M | $33.5M |
| Accumulated depletion, depreciation, amortization and impairment | ($136.6M) | ($134.2M) | ($134.2M) | ($131.9M) |
| Total oil and gas properties, net | $189.5M | $183.3M | $99.3M | $98.8M |
| Gathering system | $43.4M | $43.6M | $43.5M | $43.4M |
| Accumulated depletion, depreciation, amortization and impairment | ($37.8M) | ($37.7M) | ($37.3M) | ($37.1M) |
| Total gathering system, net | $5.6M | $5.9M | $6.3M | $6.4M |
| Property, Plant and Equipment | $1.2M | $1.2M | $637.8K | $637.8K |
| Buildings and other property and equipment, net | $4.0M | $4.1M | $221.9K | $245.6K |
| Total property and equipment, net | $200.4M | $194.5M | $106.4M | $106.0M |
| Operating lease right-of-use assets, long term | $371.2K | $429.9K | $272.3K | $295.3K |
| Restricted cash | $553.0K | $553.0K | $470.0K | $470.0K |
| Fair value of derivatives, long term | $33.1K | $185.1K | — | — |
| Deferred financing costs | $673.8K | $724.3K | — | — |
| Prepaid drilling costs | $661.8K | $246.2K | $4.7K | $277.6K |
| Total non-current assets | $202.6M | $196.6M | $107.2M | $107.1M |
| Total assets | $236.4M | $226.4M | $126.3M | $123.6M |
| Accounts payable trade | $19.1M | $8.2M | $3.0M | $2.0M |
| Gathering fees payable | $938.0K | $1.0M | $978.9K | $1.1M |
| Royalties payable | $9.9M | $10.1M | $1.5M | $1.6M |
| Accrued capital expenditures | $486.5K | $577.2K | $1.6M | $225.9K |
| Accrued compensation | $1.1M | $739.6K | $726.2K | $465.1K |
| Other accrued liabilities | $2.6M | $2.9M | $491.0K | $283.5K |
| Fair value of derivatives | $686.9K | $3.8M | $0 | $0 |
| Operating lease liabilities | $272.1K | $271.8K | $120.8K | $121.1K |
| Total current liabilities | $35.1M | $27.6M | $9.9M | $7.4M |
| Credit facility payable | $40.5M | $45.5M | — | — |
| Ad valorem taxes, long term | $7.4M | $7.4M | — | — |
| Asset retirement obligations | $7.7M | $7.6M | $3.8M | $3.8M |
| Fair value of derivatives, long term | $97.7K | $810.6K | — | — |
| Deferred income taxes | $15.5M | $13.1M | $12.1M | $12.0M |
| Operating lease liabilities, long term | $202.0K | $271.0K | $266.3K | $296.3K |
| Total non-current liabilities | $71.4M | $74.7M | $16.2M | $16.0M |
| Total liabilities | $106.5M | $102.3M | $26.1M | $23.4M |
| Preferred shares, no par value, unlimited shares authorized, none issued or outstanding | 0 | 0 | 0 | 0 |
| Common shares, no par value, unlimited shares authorized and 30,248,617 shares issued and outstanding at June 30, 2026 and 30,239,980 shares issued and outstanding at December 31, 2025 | 154.3M | 154.3M | 116.1M | 116.1M |
| Additional paid-in capital | $15.0M | $14.4M | $13.3M | $12.9M |
| Accumulated deficit | ($49.2M) | ($54.5M) | ($39.0M) | ($38.7M) |
| Accumulated other comprehensive income | $9.9M | $9.9M | $9.9M | $9.9M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | ($5.8M) | $1.9M | $6.9M | $35.4M |
| Depletion, depreciation, amortization, and accretion | $12.2M | $10.2M | $7.7M | $6.4M |
| Impairment expense | $3.9M | $1.5M | — | $0 |
| Accretion of discount on available for sale securities | $0 | ($297.6K) | ($836.5K) | — |
| Amortization on deferred financing costs | $44.5K | — | — | — |
| Loss on sale of oil and gas properties | $19.3M | $0 | $1.4M | — |
| (Gain) loss on derivative contracts | ($5.5M) | $391.1K | ($3.1M) | — |
| Settlement received on derivative contracts | $1.2M | $1.2M | $3.3M | ($1.2M) |
| Settlement of asset retirement obligation | ($1.6K) | ($89.0K) | ($509.8K) | ($118.3K) |
| Stock-based compensation expense | $1.7M | $1.2M | $1.0M | $1.0M |
| Deferred income tax (benefit) expense | $117.0K | $1.2M | $936.5K | $712.0K |
| Accounts receivable | ($1.6M) | $171.7K | $1.2M | ($2.6M) |
| Prepaid income taxes | ($2.0M) | ($23.7K) | $187.8K | — |
| Other assets and liabilities | ($10.4K) | ($17.8K) | $126.3K | — |
| Accounts payable, royalties payable, gathering fees payable, and other accrued liabilities | ($2.9M) | ($493.2K) | ($122.2K) | $1.2M |
| Net cash provided by operating activities | $20.6M | $16.8M | $18.2M | $38.0M |
| Additions to unproved oil and gas properties | ($7.0M) | ($4.5M) | ($8.1M) | ($310.2K) |
| Additions to proved oil and gas properties | ($7.9M) | ($31.7M) | ($10.4M) | ($7.6M) |
| Additions to gathering system properties | ($465.2K) | ($341.5K) | ($82.3K) | ($184.0K) |
| Additions to land, buildings and property and equipment | $270.5K | ($16.5K) | ($49.7K) | ($13.3K) |
| Purchases of short term investments - available for sale | $0 | ($4.0M) | ($12.0M) | — |
| Proceeds from short term investments - held to maturity | $0 | $6.7M | — | — |
| Proceeds from short term investments - available for sale | $0 | $16.4M | — | — |
| Net asset acquired in business combination | ($49.8M) | — | — | — |
| Proceeds from sale of oil and gas properties | $2.5M | $0 | $12.5K | $200.0K |
| Prepaid drilling costs | $736.5K | $831.1K | ($1.8M) | $0 |
| Net cash used in investing activities | ($61.6M) | ($16.7M) | ($38.4M) | ($7.9M) |
| Buyback of common shares | 0 | -1.8M | -6.1M | -6.2M |
| Borrowings on credit facility | $50.5M | — | — | — |
| Dividends paid | ($6.0M) | ($5.5M) | ($5.6M) | ($5.9M) |
| Deferred financing costs | ($818.9K) | $0 | ($140.0K) | — |
| Net cash provided by (used in) financing activities | $43.7M | ($7.3M) | ($11.7M) | ($11.3M) |
| Effect of currency rates on cash, cash equivalents, and restricted cash | ($136.7K) | $262.6K | ($3.9K) | ($44.1K) |
| Increase (decrease) in cash, cash equivalents, and restricted cash | $2.5M | ($6.9M) | ($31.9M) | $18.7M |
| Cash, cash equivalents, and restricted cash, beginning of period | $7.0M | $13.9M | $45.8M | $27.1M |
| Cash, cash equivalents, and restricted cash, end of period | $9.5M | $7.0M | $13.9M | $45.8M |
| US Federal | $1.4M | $414.3K | — | — |
| Interest paid | $9.9K | $16.8K | $97.6K | $68.3K |
| Change in proved properties accrued in accounts payable | ($937.1K) | ($862.7K) | $1.6M | ($1.1M) |
| Change in gathering system accrued in accounts payable | ($41.2K) | — | — | — |
| Asset retirement obligation asset additions and adjustments | $25.2K | $54.9K | $1.2M | $12.1K |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $7.9M | $729.4K | $6.6M | $5.6M |
| Depletion, depreciation, amortization, and accretion | $5.8M | $3.0M | $9.2M | $6.7M |
| Impairment expense | $0 | $0 | $2.7M | $2.7M |
| Amortization on deferred financing costs | $100.6K | $50.1K | — | — |
| Gain on sale of oil and gas properties | ($4.2M) | — | — | — |
| (Gain) loss on derivative contracts | $6.7M | $8.9M | ($2.1M) | ($1.1M) |
| Settlement received on derivative contracts | ($2.8M) | ($1.0M) | $699.3K | ($108.4K) |
| Settlement of asset retirement obligation | $0 | $0 | ($1.6K) | ($1.6K) |
| Stock-based compensation expense | $1.1M | $547.5K | $1.1M | $771.7K |
| Deferred income tax (benefit) expense | $2.7M | $265.2K | ($676.5K) | ($779.7K) |
| Accounts receivable | ($1.3M) | ($661.9K) | $1.3M | $346.8K |
| Prepaid income taxes | ($45.7K) | ($10.2K) | $0 | $0 |
| Other assets and liabilities | $292.4K | $112.0K | ($191.5K) | $385.4K |
| Accounts payable, royalties payable, gathering fees payable, and other accrued liabilities | $6.2M | ($1.8M) | ($430.9K) | ($66.5K) |
| Income taxes payable | $0 | $0 | $2.5M | $2.6M |
| Net cash provided by operating activities | $22.4M | $10.1M | $20.9M | $16.9M |
| Additions to unproved oil and gas properties | ($1.4M) | ($383.4K) | ($5.0M) | ($5.1M) |
| Additions to proved oil and gas properties | ($8.8M) | ($3.8M) | ($5.9M) | ($6.0M) |
| Deductions (additions) to gathering system properties | $101.0K | — | — | — |
| Additions to land, buildings and property and equipment | ($11.4K) | $1.8K | ($12.1K) | ($12.1K) |
| Proceeds from sale of oil and gas properties | $4.2M | — | — | — |
| Prepaid drilling costs | ($415.6K) | $0 | $978.0K | $705.2K |
| Net cash used in investing activities | ($6.4M) | ($4.3M) | ($10.4M) | ($10.7M) |
| Payment on credit facility | ($10.0M) | ($5.0M) | — | — |
| Dividends paid | ($3.8M) | ($1.9M) | ($4.1M) | ($2.8M) |
| Net cash provided by (used in) financing activities | ($13.8M) | ($6.9M) | ($4.1M) | ($2.8M) |
| Effect of currency rates on cash, cash equivalents, and restricted cash | ($4.4K) | ($2.3K) | ($168.3K) | ($125.6K) |
| Increase (decrease) in cash, cash equivalents, and restricted cash | $2.2M | ($1.0M) | $6.2M | $3.4M |
| Cash, cash equivalents, and restricted cash, beginning of period | $9.5M | $9.5M | $7.0M | $7.0M |
| Cash, cash equivalents, and restricted cash, end of period | $11.7M | $8.5M | $13.2M | $10.4M |
| US Federal | $0 | $0 | $1.4M | $1.3M |
| Interest paid | $1.7M | $42.3K | $9.9K | $9.6K |
| Change in proved properties accrued in accounts payable | $3.3M | $618.1K | $2.3M | ($690.9K) |
| Change in gathering system accrued in accounts payable | ($10.6K) | $2.4K | $39.8K | $71.4K |
| Asset retirement obligation asset additions and adjustments | $7.0K | $0 | $25.2K | $18.2K |
Epsilon Energy Ltd score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.